The Presidency has advised Nigerians to buy made in Nigeria products with the belief that such a move will strengthen the naira.
The Special Adviser on Media and Publicity to the President, Mr. Ajuri Ngelale, who disclosed this at a press briefing with State House correspondents on Friday, said this is one of the decisions taken by President Bola Tinubu to ensure the continued strengthening of the Nigerian naira against other global currencies.
He said: ”I’m certain that everyone seated here and indeed Nigerians at large have witnessed the seismic shifts that have taken place within the nation’s foreign exchange market over the course of the last several days and the strengthening of the Nigerian Naira against the United States dollar.
”This is clearly the direction all of us have wanted to head. And we are very sober to the fact that there is no time to rest or to clap. This is a time to deepen our efforts to dig in and to work harder, which is why His Excellency President Bola Ahmed Tinubu has approved a series of interventions to ensure that we see a mass strengthening of the Nigerian naira against all other global currencies.
”His Excellency, President Bola Ahmed Tinubu, wants to communicate very clearly to our people that there has never been a more important time in our history to actively agree together that we will patronize and purchase made in Nigeria products across all value chains across all sectors.
”There is an intentionality that we must have on this issue that we want a strong currency; we want the spending power of our people to go up. We want every naira and kobo we earn to be more valuable, not just here but when we travel abroad. The way to achieve that is by doing just this.
”In addition to that, President Tinubu, beyond the appeal to Nigerians to actively and intentionally make that decision every day to patronize made in Nigeria products and services across the board, also wants to ensure that Nigerians fully understand that the momentum that we are now seeing with respect to the strengthening of our currency is not going to slow down.”
Ngelale listed some of the efforts the Tinubu-led administration is making to improve the lives of Nigerians.
According to him, the government is providing interventions such as the presidential conditional grant scheme, which is providing 1 million nano enterprises with non-repayable grants up to N50,000 and N75 billion to 75 large manufacturers employing over 1,000 Nigerians each.
On minimum wage, he said the president wanted to bring sustainable strength to the currency before putting a new minimum wage for the workers.
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